Tuftbox Ltd

Tuftbox Ltd from Maidstone UK is a small, active company founded two years ago. It’s a solo founder operation with one employee and £34,922 in assets, operating from a real address. The company is a limited liability company, with one director and one owner, Tabor Megan Chanelle. It runs an e-commerce site focused on rug tufting and fibre crafts.

The Tuftbox website is a vibrant showcase for all things tufting. It offers a wide range of products, from tufting machines and yarn to punch needles and rug binding accessories. The site clearly targets hobbyists and small-scale rug makers, with sections dedicated to learning and inspiration. It even offers kits and bundles for beginners. The site’s design is modern and visually appealing, with high-quality product photography and a user-friendly interface. The site is also well-optimized for search engines, with a blog featuring helpful tutorials and articles.

Financially, Tuftbox Ltd presents a mixed picture. While its assets remain stable at £34,922, net assets have decreased significantly, dropping 66% to -£25,000. Cash bank on hand has seen a dramatic increase, soaring 500% to £1,200, which is a positive sign. However, creditors have increased by 14% to £59,000, suggesting a reliance on short-term financing. Trade debtors have also risen sharply, increasing 60% to £6,500, which could indicate difficulties in collecting payments. The company’s small size—meeting two of three conditions for a small company—means it’s likely exempt from an audit, so the numbers are unaudited. The company’s increase in accrued liabilities deferred income by 20% to £910 may suggest the company is investing in growth.

Overall, Tuftbox Ltd appears to be a startup navigating the challenges of rapid growth. The increased debt and negative equity are concerning, but the surge in cash reserves and active e-commerce presence suggest it has potential. It’s clear the company is betting on its niche market and online presence to sustain its growth, but it will need to carefully manage its finances to avoid burning through money.

Registered in England/Wales under the registration number 14075628, with a registered address at ME17 4UH, United Kingdom, Maidstone, Kent, 10 Lasius Drive.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.